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Gerald Lucas

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What Happens When A Home Purchase Contract Expires?, The Perils Of Overpricing, Did Home Buyer Down Payments Peak?

November 19, 2024 Gerald Lucas

What Happens When A Home Purchase Contract Expires?

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate News:

Home buyers retreated from record-high down payments across the U.S., with down payments reaching an average of 14.5% and a median down payment amount of $30,300 in the third quarter of 2024, down from the Q2 2024 historical peak of 14.9% and $32,700.

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Tags Gerald Lucas, real estate tips, real estate strategies, purchase contract, contingency clauses, expiration date, home inspection, appraisal, mortgage financing, home buyer, home seller
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